Opendoor Technologies Inc. announced it granted three inducement equity awards to its newly appointed Chief Executive Officer, Kaz Nejatian, effective September 15, 2025. These grants were made under Nasdaq Listing Rule 5635(c)(4) as a material inducement for his employment.
The awards include a Make-Whole RSU award for 1,580,611 shares, vesting fully on June 15, 2026, subject to continued service. Additionally, two performance-based restricted stock unit (PSU) awards were granted, each relating to 40,886,344 shares of common stock.
The PSU awards are structured with ambitious vesting conditions, including time-based vesting over five years and performance-based hurdles requiring the achievement of average closing stock prices ranging from $6.24 to $33 over specified trading periods. These grants are intended to align the CEO's compensation with long-term shareholder value creation.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.